This Thursday, the Clarity Act was approved by the United States Senate Banking Committee. This is the first comprehensive legislation specifically created to oversee the digital asset industry. With a 15 to 9 vote, the measure advanced thanks to unanimous Republican support and key backing from Democratic Senators Ruben Gallego and Angela Alsobrooks, under the leadership of Committee Chairman Tim Scott.
The approval of this project represents a historic step forward in eliminating the “regulatory gray area” that has held back developers and investors for years. Leading companies such as Coinbase, Ripple, and Circle celebrated the approval, arguing that clear rules will foster market confidence. However, the law still faces scrutiny from banking sectors and labor unions, who fear for the stability of traditional deposits and the sufficiency of anti-money laundering measures.
Despite this initial success, the Clarity Act must now pass the full Senate and be reconciled with the House of Representatives version before reaching the presidential desk. The commitment of both parties to continue negotiating ethical and security aspects suggests that, although the road is long, the crypto ecosystem is finally heading toward a solid and predictable legal framework.
Source: https://goo.su/WFYav
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